Results 211 to 220 of about 35,986 (251)
Some of the next articles are maybe not open access.
IPO underpricing and limited attention: Theory and evidence
Journal of Banking & Finance, 2023L. Liu +3 more
semanticscholar +1 more source
SSRN Electronic Journal, 2013
We consider IPO issuances as multi-units auctions, where privately informed bidders are risk-averse. At the optimal IPO and fixed-price auctions, we show that when individual beliefs about the valuation of the shares increase in the sense of either first-order or second order stochastic dominance, the equilibrium price decreases. For Walrasian auctions
openaire +1 more source
We consider IPO issuances as multi-units auctions, where privately informed bidders are risk-averse. At the optimal IPO and fixed-price auctions, we show that when individual beliefs about the valuation of the shares increase in the sense of either first-order or second order stochastic dominance, the equilibrium price decreases. For Walrasian auctions
openaire +1 more source
Pacific-Basin Finance Journal, 2019
We study the interactions of information asymmetry, agency problems, and the local legal environment in the governance role of family firms through the lens of IPO underpricing in China.
Wei Huang, Jinxi Li, Qiang Zhang
semanticscholar +1 more source
We study the interactions of information asymmetry, agency problems, and the local legal environment in the governance role of family firms through the lens of IPO underpricing in China.
Wei Huang, Jinxi Li, Qiang Zhang
semanticscholar +1 more source
Underpricing versus Underinvestment in IPOs
SSRN Electronic Journal, 2005We study signaling equilibria at the IPO when owners determine not only the price at which to sell primary equity but also the amount of investment proceeds to raise. This implies owners have a choice of two signals at the IPO, i.e., investment oriented signaling and underpricing.
Andrew H. Roper, Min Shi
openaire +1 more source
Media Coverage and IPO Underpricing
SSRN Electronic Journal, 2007We document that media coverage before the IPO day significantly relates to IPO underpricing. The relation is asymmetrical: more media articles are associated with more underpricing when the offer price is revised upwards from the midpoint of the initial filing range, while there is no significant relationship between media coverage and underpricing ...
Laura Xiaolei Liu +2 more
openaire +1 more source
IPO Underpricing: A Liquidity Based Explanation
SSRN Electronic Journal, 2012The underpricing of initial public offerings (IPOs) is a deeply investigated phenomenon, commonly explained with asymmetric information and risk. Ellul and Pagano (2006) first linked the underpricing with liquidity proxies like liquidity risk and effective spread.
openaire +1 more source
Economic Policy Uncertainty and International IPO Underpricing
Social Science Research Network, 2022Thomas J. Boulton
semanticscholar +1 more source
Does the appointment of the three musketeers reduce IPO underpricing? global evidence
Eurasian Business Review, 2022F. Jamaani, M. Alidarous
semanticscholar +1 more source
Re-examining the impact of mandatory IFRS adoption on IPO underpricing
Review of accounting studies, 2021Donal Byard, M. Darrough, Jang-Kwon Suh
semanticscholar +1 more source